secwatch.observer — SEC 8-K summary
======================================

Issuer:     BRC Inc. (BRCC)
CIK:        0001891101
Form:       8-K
Filed at:   2022-11-10T23:59:59+00:00
Accession:  0001891101-22-000050
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BRC Inc. Q3 net revenue $75.5M (+26% YoY); net loss $16.1M; cuts Q4 outlook to $90-95M
--------------------------------------------------------------------------------

- Net revenue $75.5M (+26% YoY); Wholesale revenue grew 66% on Walmart FDM channel entry.
- Gross margin fell to 32% from 40% YoY; RTD production issues caused $3.5M in costs and revenue credits.
- Net loss widened to $16.1M from $4.1M YoY; Adjusted EBITDA $(5.3)M vs $0.1M in Q3 2021.
- Q4 2022 revenue outlook reduced to $90-95M due to production disruptions; FY 2023 outlook maintained at $500M revenue.
- DTC revenue +2% to $38.1M; Outpost revenue +65% to $5.2M with 11 company-owned stores.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1891101/000189110122000050/0001891101-22-000050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1891101/000189110122000050/brcc-20221110.htm
  HTML page:      https://secwatch.observer/filing/0001891101-22-000050

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer